Damus
Open in Damus
less · 31w
If I'm not mistaken (and I often am), we are entering the "crypto season" portion of the bull market. Remember, proof of stake (PoS) crypto has nothing relevant to do with proof of work (PoW) Bitcoin...
 The Stacker Monster profile picture
The Stacker Monster @everydaystakkin
hey @less - doesn't altseason usually indicate we are getting close to the end of a cycle? i know we don't have many historical datapoints, but iirc there is usually some bleeding from bitcoin into the alts and maybe a final push upwards before everything tops out and the crash begins.

do you think this time is different in this regard?

i know you have a price target around 450k for this cycle, do you still believe in that given this new altseason beginning datapoint?
1
less · 31w
Historically-speaking, yes, this could signal that we are nearing the end of the business cycle. However, the confusing part of the current cycle (confusing to me, anyway) is the fact that ISM has been essentially sub-50 since 2022... that is, it hasn't even recovered yet. I see two primary possib...